September 13, 2019 / 6:23 AM / 9 days ago

J D Wetherspoon posts higher annual profit

Sept 13 (Reuters) - Britain’s J D Wetherspoon reported a higher annual pretax profit on Friday as more Britons visited its pubs even though overall consumer confidence and spending came under pressure due to Brexit uncertainties.

The company, which operates more than 900 pubs in Britain and Ireland, said pretax profit before exceptional items rose to 95.4 million pounds for the year ended July 28 from 89 million pounds a year earlier.

“Despite continuing political problems ... Wetherspoon continues to perform well. Like-for-like sales for the six weeks to 8 September 2019 were up 5.9%,” Chairman Tim Martin said in a statement. (Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru; Editing by Arun Koyyur)

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